Macau

Visitors on package tours to Macau totalled 532,000 in January, down 6.7 percent year-on-year.

Average daily revenues hit HK$550 million (US$70.9 million) in the fourth week of February, down slightly from HK$600 million in the week before.

Fitch Ratings is expecting Macau’s GDP to grow 2.5 percent in 2017, supported by improving gaming revenues from new resort openings.

The Macau government is considering turning the Macau Yat Yuen Canidrome greyhound track into a cultural, leisure, sports and education facility.

The Macau government raked in MOP 7.3 billion (US$907.3 million) in gaming taxes in January, according to data from the Financial Services Bureau (DSF).

Non-gaming spend from visitors to Macau rose 13.3 percent to MOP 14.8 billion (US$1.85 billion) in the fourth quarter of 2016, according to data from the Statistics and Census Bureau (DSEC).

Neptune Group Ltd. recorded a profit of HK$25.9 million (US$3.3 million) in the second half of 2016, compared to a net loss of HK$257 million, according to a company filing to the Hong Kong Stock Exchange.

Alternative investment firm Evolution Capital has acquired HK$1.75 billion (US$225.8 million) of convertible bonds of The 13 Holdings Ltd.

Hotel capacity expansion and Chinese market under-penetration will drive growth in the mass market, read a report from Bernstein on Friday.

Sands China president and chief operating officer Wilfred Wong is confident the company will be able to meet the stricter technical standards on smoking lounges.

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